By Gabriel Circiog, Associate Editor Pacific Equity Partners of Rancho Santa Fe plans to redevelop the historic E Street post office in downtown San Diego. Signon San Diego reports that the developer will present the plan, which will include the addition of a 20-story apartment tower, to the city’s Historic Resources Board. The project architects, [...]

Pacific Equity Partners of Rancho Santa Fe plans to redevelop the historic E Street post office in downtown San Diego. Signon San Diego reports that the developer will present the plan, which will include the addition of a 20-story apartment tower, to the city’s Historic Resources Board.

The project architects, Eric Davy and Richard Bundy, revealed the plan’s proposal to keep most of the 1930s post office, including the Art Deco facade, and construct 360 apartments. The project is expected to be finalized by the end of 2014 if everything goes according to plan.

Although rental rates have not yet been set, the studio apartments will target the downtown workforce by offering less-expensive rentals.

The project is expected to break ground next fall, and Pacific Equity has hired Lusardi Construction Co. to oversee the $60 million project.

The U.S. Postal Service selected several companies in 2004, including Pacific Equity, to propose redevelopment plans for various post offices in 13 western states.

In other news, Agoura Hills, Calif.-based AMCAL Multi-Housing is building an 84-unit affordable housing project in the Midway District, close to Mission Hills and Old Town. Mario Turner, vice president of AMCAL, announced the units will house low- and very-low-income families, with monthly rents ranging from $833 to $1,115. The 1.56-acre site is located north of the Mission Brewery building at Washington and Hancock Streets. The company broke ground on the project in August and plans to complete the project by mid-2012.

The project is a public-private partnership that includes the San Diego Housing Commission. AMCAL previously completed another affordable housing project in San Diego, the 89-unit Los Vientos in Barrio Logan.